Posted 1 year ago on Nov. 3, 2016, 8:58 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
What could go wrong with an economic system in which more and more profit is made by lending and investment in the production by others and less by the material producers themselves due to the additional costs imposed by the former?
But wait! Our geniuses of Wall St. have figured it out. The actual producers of goods and material services can simply charge more for their products to cover the additional overhead costs of finance and trade profits. And the FIRE sector can loan consumers the money at a profit to cover their additional costs introduced by that inflation. And Wall St. wealth and profits can continue to grow at the exponential rate of compound interest and everybody wins.